Management accounting is concerned with the provisions and use of accounting information to managers within an organization to provide them informations about decisions that will allow them to be better equipped in their management and control functions.
Financial accountancy information is designed and intended for the use of managers within the organization,whereas financial accounting information is designed for the use of shareholders and creditors.
Management Accounting is the process of identification, measurement,analysis, preparation and communication of information used by management to plan, evaluate and control the appropriate use of and accountability for its resources.
Management accounting knowledge and experience can be obtained from varied fields and functions within an organization.
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